What is Ease of Business rankings and why do they matter to countries like India?
The Recently Published Ease of Business Rankings The news that India jumped 30 places in the Ease of Business Rankings as published by the World Bank and which covers 190 countries worldwide was met with jubilation and chest thumping by the Indian Government, which promptly announced that the Indian Economy was on a path to […]
Components of Commercial Value Chain
Introduction The concept of the value chain was introduced by Michael Porter. The concept helps categories’ activities undertaken by enterprise to deliver a successful product to a customer. The concept since its introduction in 1980s has become a forefront in developing strategies around customer delight and commercial success. The value chain is series of activities […]
Working Capital Management – Cash, Inventory and Account Receivables
Introduction Businesses require adequate capital to succeed in business environment. There are two types of capital required by business; fixed capital and working capital. Businesses require investment in asset, which has to be utilized over a longer period of times. These long-term investments are considered as fixed capital, e.g. plant, machinery, etc. Another type of […]
The Ubiquitous Smartphone and how it has Transformed Business and Commerce
How the Ubiquitous Smartphone has Revolutionized B2B and B2C Commerce Who doesn’t own a Smartphone? Right from teenagers to senior citizens and from businesspersons to business leaders, Smartphone ownership is Ubiquitous and all pervasive. Indeed, it is estimated that nearly 80% of the world’s population is now connected to each other through the mobile phones […]
Role of Customers in Total Quality Management
Total Quality management refers to a continuous effort of management along with the employees of a particular organization to improve the quality of products and services. Businesses need to emphasize on quality of their products rather than quantity to survive the fierce competition. Remember in today’s scenario, there is no dearth of competitors in the […]
In the business world today, every customer expects Organizations to walk the talk. Being sensitive to customer expectations and to ensure that the business operations are not hampered due to any reason, organizations have begun to take the concepts of Disaster Recovery and Business Continuity plans seriously.
The concept of Disaster recovery is of prime importance in technology companies who cannot afford any instability of failure of their systems and processes due to failure of hardware, software, applications, database, network, communications or any other technology related area. However the concept of planning for disaster recovery is not limited to technology companies alone. Most of the multinational and global organizations, research organizations as well as service sector organizations including banks, credit card companies, airlines, hospitals and others too have adapted this practice. In the ultimate analysis they have realized that it pays to cover yourself against any possible risk or threat to your business and the cost of doing so is considered to be a necessary expenditure.
Disaster Recovery and Business Continuity plans are mainly focused on getting the business process up and running in the least minimum time. However it may be noted that Disaster Recovery is not the same as Business Continuity, though both are interweaving most of the time. In both cases, the recovery plan involves the concept of Disaster Recovery or Business Continuity Center or site. One has several options available to locate and setup the DR or BC Center depending upon the nature and size of business, the criticality of business processes, location and many more parameters.
DR or BC site refers to an alternate site or location that is fully equipped and ready to use in case of emergency or need. When in case of crises or a threat, if the systems fail and the business is hampered, then a team of workers can immediately relocate to the DR or BC Site and start minimal operations as planned. Thus the DR or BC site provides an alternative and ready solution to ensure that the business is up and running.
Depending upon the plan and the nature of business, Organizations can use any one of the following options to set up the DR & BC Center.
Using the above options depends upon the business operations and the financial outlay budgeted in the DR & BC Plan. In case of IT system recoveries, the options will have to be worked out more elaborately.
Your email address will not be published. Required fields are marked *
